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First steel beam installed at major development site

HAMILTON, Bermuda, October 21st, 2025 – Luscar Place, the highly anticipated mixed-use development located on Pitts Bay Road, has marked a key construction milestone with the installation of its first piece of steel. This momentous step occurred this month, reflecting the project’s continued momentum as it moves closer to its completion in July 2027.

Dennis Fugundo of D&J Construction said: “The installation of the first steel beam is a significant moment for Luscar Place, signifying the beginning of its transformation into a world-class development. The building’s striking architectural design promises to change the skyline, offering a dynamic space for both commercial office and retail tenants.”

The building’s design prioritizes both environmental stewardship and aesthetic distinction, evidenced by its rooftop solar energy infrastructure and a lobby showcasing a curated collection of world-class contemporary art. The interior will be graced by works from renowned international artists, including Rana Begum, Damien Hirst, Do Ho Suh, KAWS, and Spencer Finch, offering a unique cultural experience that is designed to set Luscar Place apart within the commercial landscape.

Alexander Green said: “The Green Family is committed to supporting developments that serve as multi-purpose gathering spaces and venues where design, art, and community can fully coexist in Hamilton. That unifying vision is what inspired Luscar Place. Installation of the first piece of steel marks a pivotal milestone. Every bolt, beam, and girder is a testament to our unwavering commitment to building that vision into reality.”

New Renderings of Luscar Place’s Vision – A closer look at the building’s striking design, offers a glimpse of the building’s lobby, as well as its exterior view. (See attachments)

Leasing Opportunities at Luscar Place – Rego Sotheby’s International Realty, the exclusive listing agent, reports a highly positive market response to the development. Leasing activity is currently robust, with tenancies secured for three of the six commercial floors.

Premium commercial offices on Floors 1, 2 and 3 and Ground Floor retail units are available. With flexible floor plans, cutting-edge amenities, and a prime location with the highest density of foot traffic in Bermuda, Luscar Place is poised to attract a diverse range of tenants looking for a world-class space in Bermuda’s thriving commercial hub.

Penny MacIntyre, Partner, Rego Sotheby’s International Realty, said: “We are excited to see Luscar Place take shape to address the local and international demand for new Class A office space in Bermuda. Our market has come to respect and appreciate the Green Family’s world-class developments and best-in-class building management of their office and retail properties. Luscar Place will deliver more of the modern functionality today’s sophisticated, global tenants expect.”

Attachments: Luscar Place Steel Installation, Building Renderings, Worker’s Appreciation Celebration Photos


About Luscar Place
Luscar Place will offer two ground-floor retail units, an outdoor patio, and office floors featuring balconies with views across Bacardi global headquarters and its gardens, Hamilton Harbour and the Great Sound. Luscar Place prioritizes convenience and sustainability with an upgraded garage facility featuring both underground and above grade parking with provisioning for electric vehicle charging stations. The seven-story Luscar Place, located at the corner or Pitts Bay Road and Waterloo Lane is anticipated to be completed by July 2027. Interested parties are encouraged to contact Penny MacIntyre of Rego Sotheby’s International Realty via email: pmacintyre@regosir.com or phone (441) 299-1508

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